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World Oil News
Argent LNG has initiated a comprehensive EPC partner review in preparation for entering the Federal Energy Regulatory Commission (FERC) pre-filing and permitting process for its 25 MMtpa LNG export project in Port Fourchon, Louisiana. Source
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TechnipFMC has secured a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Heidrun extension project in the Norwegian North Sea. Source
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The U.S. may depart the International Energy Agency without changes to forecasting that Republicans have criticized as unrealistically green, President Donald Trump’s energy chief said. Source
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Sulzer’s new facilities will support essential industries in the region, including oil and gas and power generation. The expansion underlines Sulzer’s global strategy of establishing full-service, in-region capabilities to meet the needs of its industrial customers. Source
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Strohm has successfully completed the first field trials with Petrobras for its thermoplastic composite pipe (TCP) pipe design offshore Brazil, at water depths of approximately 1,500 m. Source
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Baker Hughes, and Petronas announced that they have entered a memorandum of understanding (MoU) on a strategic partnership to explore business initiatives that have the potential to support the delivery of Asia’s energy expansion and transition. Source
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Halliburton has named Stephanie Holzhauser as its newest senior VP and chief accounting officer, effective July 16. “Stephanie plays a critical role in the finance and accounting organization and in the company’s success,” said Eric Carre, Halliburton’s executive VP and CFO. Source
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MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. Source
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Oil prices dropped as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports. Source
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MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. Source
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